Egypt reaches 46-month expert-level agreement with IMF worth $3B

Thu, 27 Oct 2022 - 11:46 GMT

The new financing aims to protect macroeconomic stability and debt sustainability, improve Egypt's resilience to external shocks, strengthen its social safety net, and intensify reforms that support private sector-led growth and job creation.

Agreement with IMF may take a month or two: Finance Minister

Thu, 22 Sep 2022 - 05:27 GMT

Maait added that the government is also exploring financing options that include affordable loans from China and Japan.

Egypt approves financing from Korea's Export-Import Bank, Credit Agricole to complete supply of 32 metro trains

Thu, 25 Aug 2022 - 02:43 GMT

The cabinet also approved in its weekly meeting a draft presidential decree regarding the exchange of letters between the Arab Republic of Egypt and the Government of the Kingdom of Spain, regarding a grant to finance a project to strengthen the capabilities of the Women’s Complaints Office.

Egypt signs $656M agreement to manufacture, supply 320 subway vehicles

Wed, 24 Aug 2022 - 05:30 GMT

The contract value is $656 million and includes two years warranty, in addition to maintenance work for a period of eight years in addition to a massive one-time overhaul for each train.

Egypt, WB discuss activating food security agreement

Sun, 07 Aug 2022 - 03:52 GMT

Worth $500 million, the deal is meant to boost Egypt’s efforts to help achieve food security and to strengthen the Egyptian economy in the face of repercussions of the war currently going on in Europe.

Egypt's Parliament approves 3 agreements supporting health insurance system, Upper Egypt's development

Thu, 12 May 2022 - 11:44 GMT

Egyptian Parliament approved Thursday three agreements that support health insurance system in the country, and Upper Egypt's development.

Egypt, Saudi Public Investment Fund sign investment agreement

Wed, 30 Mar 2022 - 04:41 GMT

The signing of this agreement comes as a culmination of the meetings held between the two brotherly countries to expedite the completion of procedures related to investment in Egypt through the Saudi Public Investment Fund.

Egypt, Russia to reach combat extremist activities agreement

Sun, 26 Dec 2021 - 06:05 GMT

Borisenko noted that there are different levels of cooperation in these areas.

PM witnesses signing of credit facility agreement to develop textile industry

Thu, 16 Dec 2021 - 08:48 GMT

The agreement was inked with HSBC, UBS Group AG and Credit Suisse.

Egypt, Israel sign MoU to increase gas supples for re-exporting

Fri, 26 Nov 2021 - 10:40 GMT

As per the new MoU, both sides would use an existing pipeline to transport hydrogen in the future.

Egypt, China sign new economic, technical cooperation agreement to enhance joint cooperation efforts

Mon, 08 Nov 2021 - 03:15 GMT

This comes within the framework of the constant development of the joint economic relations between Egypt and China, as well as the strategic development cooperation relations

Egypt signs 99 oil agreements with $17B investments in 7 years

Tue, 19 Oct 2021 - 12:36 GMT

Molla added during the Egyptian Petroleum Association seminar that 384 wells were drilled, and more than 85 percent of the foreign partners' accrued dues from 2011 to June 2013 were paid.

Speed Medical signs LE 1.57B financing contract with GEM investment fund

Wed, 01 Sep 2021 - 03:14 GMT

The company ​​said in a statement to the Egyptian Stock Exchange, Wednesday, that the fund manages $ 3.4 billion, is headquartered in Luxembourg, and has offices in France, New York and the Bahamas.

Kuwait Hotels Co's subsidiary signs hotel management deal in Egypt's Sharm El-Sheikh

Tue, 23 Mar 2021 - 01:00 GMT

The contract is for a 10 year-period, and the total expected revenue for the contract period is 2.5 million dinars ($ 8.3 million).

Egypt's Damietta Liquefaction Plant Agreement enters into force

Wed, 10 Mar 2021 - 12:02 GMT

The agreement signed in December 2020 includes resuming production at Damietta's natural gas liquefaction plant, and increasing EGAS' capacity to liquefy the plant.

Shell Egypt contracts $926M SPA for their upstream assets in Western Desert

Tue, 09 Mar 2021 - 02:06 GMT

The SPA worth $646 million with additional payments of up to $280 million between 2021 and 2024, contingent on the oil price and the results of further exploration.

Agreement inked to establish integrated complex for fish farming

Wed, 24 Feb 2021 - 12:41 GMT

Rabie said that the agreement is a basic step to start the measures to establish the anticipated partnership between both sides after ending the economic fiscal studies and all the studies necessary for the project.

Egypt signs €200M support loan agreement with JICA

Mon, 15 Feb 2021 - 03:00 GMT

The agreement was signed by Chief Representative of JICA’s Egypt Office Omura Yoshifumi, and Vice Minister of Finance for Fiscal Policies and Institutional Reform Ahmed Kojak on behalf of the Minister of Finance, Mohamed Maait.

Egypt signs agreement with EBRD regarding 10th of Ramadan port project

Wed, 10 Feb 2021 - 03:53 GMT

The agreement stipulates the allocation of a grant in the amount of €1 million to provide advisory services for launching a project for the construction of the dry port and logistical center in the tenth of Ramadan city

IFC inks deal to close gender gap in private sector

Wed, 16 Dec 2020 - 02:02 GMT

The deal is part of greater efforts aimed to help Egyptian private companies to deal with the negative impacts of the COVID-19 pandemic, giving attention to creating equal opportunities for women at work.